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Question
What are the aims and objectives of the partnership firm?
What are the aims and objectives of the partnership firm?
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Solution
Answer:
A partnership is a kind of business where a formal agreement between two or more people is made who agree to be the co-owners, distribute responsibilities for managing an organization and communicate the income or failures that the firm creates.
The aim of partnership firms are:
- To turn a profit at maximum level.
- Optimizing revenue from purchases.
- They want to make anomalous money.
The partnership firm’s goal are
- Profits to partners
- Success in the market competition
- Services of products
- Gain more market shares
Answer:
A partnership is a kind of business where a formal agreement between two or more people is made who agree to be the co-owners, distribute responsibilities for managing an organization and communicate the income or failures that the firm creates.
The aim of partnership firms are:
- To turn a profit at maximum level.
- Optimizing revenue from purchases.
- They want to make anomalous money.
The partnership firm’s goal are
- Profits to partners
- Success in the market competition
- Services of products
- Gain more market shares
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